Chevy Bolt concept to be shown Monday at Detroit auto show

General Motors will unveil an all-electric concept car at the Detroit auto show Monday that has a 200-mile range and Tesla in its competitive crosshairs.

The Chevrolet Bolt could hit the market in 2017, people familiar with the plans confirm. The Bolt complements a lineup that already includes the Chevrolet Volt. The second-generation 2016 Volt will also be shown Monday at the North American International Auto Show.

The Bolt would be priced in the $30,000 to $35,000 range after incentives, including a $7,500 federal tax credit, sources say, confirming details first reported Friday night by the Wall Street Journal.

GM was trying to keep the news secret until the reveal Monday morning.

The Bolt electric vehicle is larger than the Volt and shares its hatchback body style. Batteries from LG Chem would give the car a range of 200 miles on a single charge. The powertrain would be derived from the one in the tiny Spark EV that is sold in California and Oregon.

GM spokesman Terry Rhadigan said the automaker has no comment on future products.

The Bolt stems from a couple initiatives at GM, including the $240 million investment CEO Mary Barra announced last October that would expand the company's Warren transmission plant to make the drivetrain for the new Volt.

Rather than dismiss electric car maker Tesla, GM set out to study the California company's processes to see what lessons it could learn and adopt. Additionally, executives said in 2013 they were working on a 200 mile-range vehicle but no timeframe was given.

GM registered for the Bolt trademark in August and product chief Mark Reuss told analysts in October that Chevrolet would add another electric vehicle to the portfolio. The brand also has the mini Spark EV.

At $30,000, the Bolt would compete with the Nissan Leaf and the Model 3 that Tesla is working on. The Leaf has a range of 100 miles on a single charge. The new Tesla being developed aims for a 200-mile range.

The current Volt has a range of 38 miles before a gas-powerered generator kicks in, but the next-generation car will improve on that performance.

While sale of battery-only or plug-in hybrids increased last year (but sales of non-plug-in hybrids fell), the marketing appeal of electric vehicles and hybrids faces a difficult challenge in the immediate future if gasoline prices stay at or near the lowest levels since 2009.

Volt sales fell nearly 19% last year, but GM is committed to upgrading it and launching more electrified vehicles, at least partially to help it comply with government fuel economy standards that require all automakers to achieve a fleet average of 54.5 miles per gallon by 2025.

In October GM announced it was moving production and engineering on the new Volt and other future electrified powertrains. It was an indication that the automaker wanted to take its commitment to a higher level.

Tesla CEO Elon Musk will be in Detroit Tuesday to speak at the Automotive News World Congress.